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<PAGE>
<TABLE>
<CAPTION>
====================================================================================================================================
Securities and Exchange Commission
Washington, D.C. 20549
Form 8-K
Current Report
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of Earliest event reported): February 15, 2000
Bay View Securitization Corporation
- -----------------------------------------------------------------------------------------------------------------------------------
(Exact name of registrant as specified in charter)
<S> <C> <C>
Delaware 333-16233 93-1225376
- ------------------------------- --------------------- -------------------
State or other jurisdiction of (Commission File No.) (I.R.S. Employer
incorporation or organization Identification No.)
c/o Bay View Bank
1840 Gateway Drive
San Mateo, California 94404
- ---------------------------------------------------- ----------------------------------------
Address of principal executive offices Zip Code
Registrant's telephone number, including area code: (650) 573-7310
2121 So. El Camino Real, San Mateo, California 94403, (650) 573-7310
- -----------------------------------------------------------------------------------------------------------------------------------
(Former name, former address, and former fiscal year, if changed since last report)
</TABLE>
<PAGE>
Item 7. Financial Statements, Pro forma Financial Information and Exhibits
Exhibit 99.1 Monthly Servicer's Report dated January 31, 2000
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has caused this report to be signed on behalf of Bay View
Securitization Corporation by the undersigned thereunto duly authorized.
Bay View 1999-LG-1 Auto Trust
by: Bay View Securitization Corporation
originator of trust
Dated: February 22, 2000 By: /s/ David A. Heaberlin
-----------------------------------
David A. Heaberlin
Treasurer and Chief
Financial Officer
Page 2
<PAGE>
Bay View Securitization Corporation
Bay View 1999-LG-1 Auto Trust
For Remittance Date: January 31, 2000
<TABLE>
<CAPTION>
A. Principal Balance Reconciliation
Number
A-1 A-2 A-3 A-4 Total of
Accounts
-------------- --------------- -------------- -------------- ------------------ ----------
<S> <C> <C> <C> <C> <C> <C>
(A) Original Principal Balance 42,750,000.00 97,000,000.00 55,000,000.00 52,023,107.00 246,773,107.00 17753
-------------- --------------- -------------- -------------- ------------------ ----------
(B) Beginning Period Principal
Balance 34,113,410.97 97,000,000.00 55,000,000.00 52,023,107.00 238,136,517.97 17443
-------------- --------------- -------------- -------------- ------------------ ----------
(C) Collections (Regular Payments) 4,285,586.77 4,285,586.77 N/A
-------------- --------------- -------------- -------------- ------------------ ----------
(D) Withdrawal from Payahead
(Principal) 0.00 0.00 N/A
-------------- --------------- -------------- -------------- ------------------ ----------
(E) Collections (Principal Payoffs) 3,219,462.62 3,219,462.62 279
-------------- --------------- -------------- -------------- ------------------ ----------
(F) Collections (Principal
Recoveries) (124.00) (124.00) N/A
-------------- --------------- -------------- -------------- ------------------ ----------
(G) Charge Offs Amount 94,759.55 94,759.55 6
-------------- --------------- -------------- -------------- ------------------ ----------
(H) Principal Reductions (Partial
Charge-Offs) 5,602.78 5,602.78 N/A
-------------- --------------- -------------- -------------- ------------------ ----------
(I) Repurchases
-------------- --------------- -------------- -------------- ------------------ ----------
(J) Ending Balance 26,508,123.25 97,000,000.00 55,000,000.00 52,023,107.00 230,531,230.25 17158
-------------- --------------- -------------- -------------- ------------------ ----------
Notional Principal Balance:
------------------
(K) Beginning 176,016,848.30
------------------
(L) Ending 168,511,922.91
------------------
-------------- --------------- -------------- -------------- ------------------
(M) Certificate Factor 62.0073058% 100.000000% 100.000000% 100.000000% 93.4182955%
-------------- --------------- -------------- -------------- ------------------
B. Cash Flow Reconciliation
Total
------------------
(A) Cash Wired 10,175,731.17
------------------
(B) Interest Wired/Earned 17,830.14
------------------
(C) Withdrawal from Payahead Account 0.00
------------------
(D) Advances 73,773.73
------------------
(E) Repurchases 0.00
------------------
(F) Gross Charge-Off Recoveries 150.00
------------------
(G) Gross Charge-Off Advances 145.34
------------------
(H) Spread Account Withdrawal 0.00
------------------
(I) "A" Surety Bond Draw for
"I" Interest 0.00
------------------
(J) "A" Surety Bond Draw for
"A-1" Principal or Interest 0.00
------------------
(K) "A" Surety Bond Draw for
"A-2" Principal or Interest 0.00
------------------
(L) "A" Surety Bond Draw for
"A-3" Principal or Interest 0.00
------------------
(M) "A" Surety Bond Draw for
"A-4" Principal or Interest 0.00
------------------
------------------
Total Collections 10,267,630.38
------------------
C. Trustee Distribution
Total
-----------------
(A) Total Cash Flow 10,267,630.38
-----------------
(B) Unrecovered Interest Advances 145.34
-----------------
(C) Servicing Fee (Due and Unpaid) 148,835.32
-----------------
(D) Interest to "A-1" Certificate
Holders, including Overdue 162,621.81
-----------------
(E) Interest to "A-2" Certificate
Holders, including Overdue 556,133.33
-----------------
(F) Interest to "A-3" Certificate
Holders, including Overdue 316,708.33
-----------------
(G) Interest to "A-4" Certificate
Holders, including Overdue 306,502.81
-----------------
(H) Interest to "I" Certificate
Holders, including Overdue 220,021.06
-----------------
(I) Principal to "A-1" Certificate
Holders including Overdue 7,605,287.72
-----------------
(J) Principal to "A-2" Certificate
Holders including Overdue 0.00
-----------------
(K) Principal to "A-3" Certificate
Holders including Overdue 0.00
-----------------
(L) Principal to "A-4" Certificate
Holders including Overdue 0.00
-----------------
(M) Reinsurance Fee 0.00
-----------------
(N) Surety Bond Fee 47,974.96
-----------------
---------------
(O) First Loss Protection 10,931.51
---------------
(P) Surety Bond Premium 37,043.46
---------------
(Q) Interest Advance Recovery
Payments 0.00
-----------------
</TABLE>
<PAGE>
Bay View Securitization Corporation
Bay View 1999-LG-1 Auto Trust
For Remittance Date: January 31, 2000
<TABLE>
<CAPTION>
----------------
<S> <C>
(R) Unreimbursed Draws on Class "A"
Surety Bond for Class
"A-1" Interest 0.00
----------------
(S) Unreimbursed Draws on Class "A"
Surety Bond for Class
"A-2" Interest 0.00
----------------
(T) Unreimbursed Draws on Class "A"
Surety Bond for Class
"A-3" Interest 0.00
----------------
(U) Unreimbursed Draws on Class "A"
Surety Bond for Class
"A-4" Interest 0.00
----------------
(V) Unreimbursed Draws on Class "A"
Surety Bond for Class
"I" Interest 0.00
----------------
(W) Deposit to Payahead 16,105.99
----------------
(X) Bank Account Interest to Servicer 17,830.14
----------------
(Y) Excess Yield 869,463.57
----------------
----------------
Balance 0.00
----------------
D. Spread Account and Surety
Reconciliation
Spread Account Surety Bond
----------------- ----------------
(A) Beginning Balance 712,039.88 240,397,171.98
----------------- ----------------
(B) Additions to Spread Amount 869,463.57 N/A
----------------- ----------------
(C) Interest Earned 8,643.36 0.00
----------------- ----------------
(D) Draws 0.00 0.00
----------------- ----------------
(E) Reimbursement for Prior Draws N/A 0.00
----------------- ----------------
(F) Distribution of Funds to
"IC" Class or Servicer N/A 0.00
----------------- ----------------
(G) Prior Month Distribution of
Funds to "IC" Class 0.00 N/A
----------------- ----------------
(H) Ending Balance 1,590,146.81 231,530,013.04
----------------- ----------------
----------------- ----------------
(I) Required Balance 8,930,119.42 231,530,013.04
----------------- ----------------
(J) Distribution to "IC" Class NA
-----------------
E. Current Receivables Delinquency
#Payment Delinquency Number Balance
-------------------- ------------- -----------------
(A) 31-60 77 977,532.41
------------- -----------------
(B) 61-90 47 580,606.80
------------- -----------------
(C) 91+ 0 0.00
------------- -----------------
(D) Total 124 1,558,139.21
------------- -----------------
F. Excess Yield
Excess
Yield Pool Excess Yield
Month Balance Balance (Annualized %)
----- ------------- ----------------- ----------------
(A) Current 869,463.57 230,531,230.25 4.5259%
------------- ----------------- ----------------
(B) 1st Previous 712,039.88 238,136,517.97 3.5881%
------------- ----------------- ----------------
(C) 2nd Previous
------------- ----------------- ----------------
(D) 3rd Previous
------------- ----------------- ----------------
(E) Four-Month Rolling Excess Yield 395,375.86 117,166,937.06 4.0494%
------------- ----------------- ----------------
G. Delinquency Rate (30+)
Month Pool
Month Balance Balance %
----- ------------- ----------------- ----------------
(A) Current 1,558,139.21 230,531,230.25 0.6759%
------------- ----------------- ----------------
(B) 1st Previous 958,777.15 238,136,517.97 0.4026%
------------- ----------------- ----------------
(C) 2nd Previous
------------- ----------------- ----------------
(D) 3rd Previous
------------- ----------------- ----------------
(E) Four-Month Rolling Average 629,229.09 117,166,937.06 0.5370%
------------- ----------------- ----------------
</TABLE>
Page 4
<PAGE>
Bay View Securitization Corporation
Bay View 1999-LG-1 Auto Trust
For Remittance Date: January 31, 2000
<TABLE>
<CAPTION>
H. Net Loss Rate
Liquidation Average Defaulted
Month Balance Proceeds Balance (Annualized)
----- --------------- ------------- ------------------ ----------
<S> <C> <C> <C> <C>
(A) Current 94,635.55 26.00 234,333,874.11 0.4845%
--------------- ------------- ------------------ ----------
(B) 1st Previous 22,625.72 14,769.73 119,068,259.00 0.0792%
--------------- ------------- ------------------ ----------
(C) 2nd Previous
--------------- ------------- ------------------ ----------
(D) Three-Month Rolling Average 39,087.09 4,931.91 117,800,711.04 0.3479%
--------------- ------------- ------------------ ----------
I. Charge-Off / Recoveries
Number Balance
--------------- -------------
(A) Collection Period Charge-Off
Receivables 6 100,362.33
--------------- -------------
(B) Gross Charge-Offs Cumulative
Receivables 7 108,218.32
--------------- -------------
(C) Collection Period Recoveries on
Charge-Offs NA 150.00
--------------- -------------
(D) Recoveries on Charge-Offs
To-Date NA 150.00
--------------- -------------
J. Repossessions
--------------- -------------
(A) Collection Period Repossessions 41 569,609.77
--------------- -------------
(B) Aggregate Repossessions 52 744,441.60
--------------- -------------
(C) Unliquidated Repossessions 44 609,853.97
--------------- -------------
K. Forced Place Insurance
--------------- -------------
(A) FPI Charge-Offs 0 0.00
--------------- -------------
(B) FPI Canceled/Waived/Removed/
Reversed 0 0.00
--------------- -------------
L. Payahead Reconciliation
---------------
(A) Beginning Balance 225,830.18
---------------
(B) Deposit 16,105.99
---------------
(C) Withdrawal 0
---------------
(D) Ending Balance 241,936.17
---------------
</TABLE>
Approved By: /s/ Michael LaOrange
----------------------------------------------
Michael LaOrange
Vice President, Controller
Bay View Acceptance Corp
Page 5
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